Arbejdsmarkedets Tillaegspension Invests $24.11 Million in Consolidated Edison Inc $ED

Arbejdsmarkedets Tillaegspension bought a new position in Consolidated Edison Inc (NYSE:ED) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 242,736 shares of the utilities provider’s stock, valued at approximately $24,109,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC lifted its position in Consolidated Edison by 121,543.9% during the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock worth $599,155,000 after acquiring an additional 5,955,653 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Consolidated Edison during the fourth quarter worth approximately $113,977,000. AQR Capital Management LLC lifted its position in Consolidated Edison by 104.6% during the third quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock worth $190,530,000 after acquiring an additional 974,419 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Consolidated Edison by 94.7% during the third quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock worth $191,478,000 after acquiring an additional 926,716 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Consolidated Edison by 344.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 891,895 shares of the utilities provider’s stock worth $88,583,000 after acquiring an additional 691,304 shares during the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Consolidated Edison Stock Performance

NYSE ED opened at $107.06 on Friday. The stock has a market cap of $39.45 billion, a PE ratio of 18.02, a PEG ratio of 2.70 and a beta of 0.29. The firm’s fifty day moving average price is $111.02 and its two-hundred day moving average price is $105.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same quarter last year, the firm posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s payout ratio is presently 59.76%.

Analyst Ratings Changes

Several brokerages have issued reports on ED. Royal Bank Of Canada restated a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Evercore set a $116.00 target price on shares of Consolidated Edison in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Finally, Scotiabank raised their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $109.14.

Consolidated Edison Company Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.